Sidenor 2022 Sustainability Report

54 Sustainability Report 2022 | Environmental sustainability REDUCTION BY 2025 of our absolute emissions within scopes 1 and 2 (taking 2005 as a basis). REDUCTION BY 2030 of our absolute emissions within scopes 1 and 2 (taking 2005 as a basis). Climate Neutrality BY 2050 55% 60% For years, scientists have been warning about the dangers of climate change as a result of the accumulation of greenhouse gases in the atmosphere. Its effects are becoming increasingly evident. As consequences become more tangible, it is more urgent to take measures in order to reduce our greenhouse gas emissions, which involves searching for alternatives to fossil fuels, improving energy efficiency and optimizing our production systems – in essence, undertaking a gradual, structured and planned decarbonization process, which might allow us to:  Comply with our internal commitment to continuous improvement, which is enshrined in our Integrated Health and Safety, Environmental, Quality, Energy and Information Security Policy.  Anticipate and adapt to climate risks which affect our activity.  Seize the opportunities brought by the coming changes.  Measure the financial impacts of climate change according to various scenarios and possible futures.  Meet the expectations of the current society, which requires real solutions.  Meet the expectations of our stakeholders in terms of climate information and transparency, mostly required by our customers.  Manufacture sustainable and environmentally friendly products.  Improve our competitiveness. According to this policy, we published in 2021 our climate change objectives defined in parallel to EU intentions and commitments. Climate change